Polar Capital Holdings hails "strong finish" to financial year

(Alliance News) - Polar Capital Holdings PLC on Monday said its assets under management have climbed, boosted by strong net flows of in its technology and artificial intelligence funds.

The specialist active asset manager said assets under management rose to GBP30.63 billion at its March 31 full-year end, from GBP28.39 billion in January.

Net flows during the final quarter amounted to GBP1.44 billion. It also saw a GBP816 million boost from market movement and performance.

"We have delivered a strong finish to the financial year, despite a backdrop of heightened geopolitical uncertainty and ongoing market volatility," Chief Executive Iain Evans said.

"Flows during the quarter were broad-based, with several of our investment teams generating net inflows, led by Technology, Healthcare and Smart Energy. Net flows into our Global Technology (GBP722 million) and Artificial Intelligence (GBP575 million) funds remained particularly strong, driven by continued client interest in structural growth opportunities and supported by both increased allocations from existing clients and new client wins, notably across wealth and private bank channels in Europe and Asia."

Evans added: "Net outflows were largely concentrated in North American (GBP97 million), Global Insurance (GBP85 million) and Asian Stars (GBP55 million) funds, reflecting a small number of client-specific redemptions rather than any broader shift in demand or sentiment."

Assets under management grew from GBP21.41 billion a year prior, amid net inflows of GBP902 million and a positive market performance to the tine of GBP8.79 billion.

The CEO added: "We have entered 2026 with positive net inflow momentum, although we remain mindful of the structural challenges facing the industry. Inflows were strongest in January and February, before moderating in March following the escalation of conflict in the Middle East. Encouragingly, positive momentum has continued into April to date.

"The geopolitical backdrop has become more uncertain, contributing to heightened market sensitivity, particularly in energy markets. Despite this, we remain confident in our positioning as a specialist boutique. As markets broaden and the pace of technological disruption, including AI, accelerates, the case for specialist active management is becoming increasingly compelling. Our focus on differentiated capabilities, deep expertise and disciplined execution positions us well to navigate the uncertainty and capture opportunities ahead for our clients and shareholders."

The company plans to announce annual results on July 1.

Shares in the company climbed 7.4% to 682.00 pence each in London on Monday morning.

By Eric Cunha, Alliance News news editor

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